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As of December 2015, KCB Bank Kenya was the largest commercial bank in Kenya with assets of more than US$3.681 billion (KES:366 billion) and US$2.776 billion (KES:276 billion) in customer deposits. In August 2021, the bank recorded a customer deposit growth to USD$5.47 billion (KES:601.7 billion) and had an asset base value of USD$7.09 billion ...
Guaranty Trust Bank (70%) Website. gtbank .co .ke. Guaranty Trust Bank (Kenya) Ltd, commonly referred to as GTBank Kenya, is a commercial bank in Kenya and a subsidiary of the Nigerian Guaranty Trust Bank Plc. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator. [1]
The bank was established as Giro Bank Limited in 1992. In 1998, Giro Bank merged with Commercial Bank Limited, to form Giro Commercial Bank Limited. The stock of the bank is privately owned by individuals and institutions. On September 7, 2015, I&M Holdings announced the acquisition of Giro Commercial Bank.
The bank is a Tier III private bank in Kenya, East Africa 's largest economy. VCB focuses on serving large corporations and high-net-worth clients. The bank also offers personal banking services to the employees of its corporate clients. [5] Later, it began making loans to qualifying small and medium enterprises (SMEs).
The agency banking model [1] is a function of certain commercial banks in Kenya. The activity is regulated by the Central Bank of Kenya, which allows banks to contract third-party retail networks as a Banking agent. Upon successful application, vetting, and approval, [citation needed] these agents are authorized to offer selected products and ...
First-e was a European online bank during the Dot-com bubble of 1999–2001. The company was based in Dublin, Ireland and employed 280 people, with 250,000 customers. [1] It operated on a licence from French bank Banque d'Escompte , [1] an innovation that allowed it to get around the usual difficulties faced by European banking startups. [2]
Housing Finance Group of Kenya, is a non-operating financial services holding company, established in 2015 to comply with the country's banking laws. The changes are also in anticipation of expanding operations outside Kenya. [2] HFGK maintains the following subsidiaries: (1) Housing Finance Company Limited (HFC Limited), is a mortgage and ...
Website. www .boikenya .com. Bank of India (Kenya) is a commercial bank in Kenya. It is one of the commercial banks licensed by the Central Bank of Kenya, the national banking regulator. [1] As of May 2015, Bank of India (Kenya) is a medium-sized financial services provider in Kenya. Its total assets were valued at approximately US$541 million ...
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